Sara Choque
Journal 7
The other day I had a really interesting conversation with my friend. We were talking
about how we spend a majority part of our lives checking away different things off our daily list,
and how we spend time trying to compete in every
Sara Choque
Journal 7
The other day I had a really interesting conversation with my friend. We were talking
about how we spend a majority part of our lives checking away different things off our daily list,
and how we spend time trying to compete in every
Sara Choque
Journal 3
I was walking on the side of the road with my friend on my birthday last Saturday. I
would hear cars pass by, each one going to different directionseach one traveling to a certain
location. Then I began to think, are we all much diff
Sara Choque
Journal 1
I love learning and finding ways I can grow as a person. This year I was challenged in
several ways, but God placed wonderful people who told me that in my weakness God is made
stronger. I have seen that come to play the very second
Sara Choque
Journal 4
I really miss my brother, Andres. He is three years younger than me, yet at times he looks
older than me. I remember one time I was at my friends high school graduation dinner, and there
was a photographerhired by the school to take
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ECON 210  MICROECONOMIC THEORY
HOMEWORK 7 ANSERS
PROFESSOR JOSEPH GUSE
(1) Suppose that a single rm has a monopoly in crayons and that individual
demand for crayons is described by the following inverse demand curve
p1 (x1 ) = a bx1
where x1 is the quani
Homework 0.
Preliminary Math Exam
Answer Key
These questions and topics represent a sample of the mathematical skills expected
for this course. However, this exam will not factor into your nal grade and there is no
minimum score required to remain in this
HOMEWORK 5
LABOR SUPPLY AND DISCOUNTING
PROFESSOR GUSE, ECON 210
(1) (a) What is the net present value of a project with costs equal to 25, 25 and 300 in one,
two and three years and benets equal to 100, 100 and 100 in years one, two and
three? when the i
AK 4
SLUTSKY COMPENSATION
ECON 210
A. JOSEPH GUSE
(1) (a) First calculate the demand at the original price pb = 2
1000
5pb
20
b0 = b(2) = 40
b(pb , m) =
In general mc = m + (p1 p0 )b0 . If the price increases $1 per unit mc must include
b
b
$40 over All
ANSWER KEY 1
BUDGETS
W & L INTERMEDIATE MICROECONOMICS
PROFESSOR A. JOSEPH GUSE
(1) Draw the budget set for the following parameters. m = 20, pbeer = 1, ppizza = 5. The units for the
two goods are pints and pies respectively.
Beer (pints)
20
MRT = 5 pints
HOMEWORK 2
PREFERENCES AND UTILITY
W & L INTERMEDIATE MICROECONOMICS
PROFESSOR A. JOSEPH GUSE
(1) Consider the preferences for bundles of Good 1 and Good 2 depicted below. Assume that preference
Good 2
are monotonic (more is better).
a
e
c
b
e
d
d
f
Good
Econ 210, Final, Fall 2006.
Prof. Guse, W & L University
Instructions. You have 3 hours to complete the exam. There are 65 points available. Please write
your responses on the exam itself in the space provided. If you require additional space, write on
th
ECON 210
MICROECONOMIC THEORY
FINAL EXAM, FALL 2005
PROFESSOR JOSEPH GUSE
Instructions. You have 3 hours to complete the exam. There are a total of 90
points available. It is designed to take about 1 minute per point. You are allowed to
reference a single
Econ 210, Final, Winter 2007.
Prof. Guse, W & L University
Instructions. You have 3 hours to complete the exam. There are 100 points available. Please
write your responses on the exam itself in the space provided. If you require additional space, write
on
Econ 210, Final, Fall 2008.
Prof. Guse, W & L University
Instructions. You have 3 hours to complete the exam. You will answer questions worth a total
of 75 points. Please write your responses on the exam itself in the space provided. If you require
additi
ECON 210  MICROECONOMIC THEORY
HOMEWORK 8
ANSWERS
PROFESSOR JOSEPH GUSE
(1) Anna (A) has 10 apples (a). Brin (B) has 20 bananas (b). They have preferences over bundles of apples and bananas represented by the following utility
functions.
2
1
1
2
3
3
uA (
ECON 210  MICROECONOMIC THEORY
HOMEWORK 6
PROFESSOR JOSEPH GUSE
(1) The SWS makes sweaters out of labor and capital. The following production
function represents their technology
f (xl , xk ) = 80 log mincfw_
xl
, xk + 1
2
(a) How many sweaters are made
MIDTERM EXAM
ANSWER KEY
ECON 210
PROFESSOR GUSE
Instructions. You have (at least) 2 hours to complete the exam. There are a
total of 75 points on the exam. The exam is designed to take about 1 minute per
point. You are allowed to have a single page of han
MIDTERM EXAM ANSWERS
ECON 210
PROFESSOR GUSE
Instructions. You have 2.5 hours to complete the exam. There are a total of 60
points on the exam. The exam is designed to take about 1 minute per point. You
are allowed to have a single page of handwritten not
Econ 210, Final, Winter 2014.
Prof. Guse, W & L University
Instructions. You have 3 hours to complete the exam. You will answer questions worth a total
of 65 points. Please write all of your responses on the exam itself in the space provided. If you
need
Econ 210, Final, Fall 2009.
Prof. Guse, W & L University
Instructions. You have 3 hours to complete the exam. You will answer questions worth a
total of 100 points. Please write your responses on the exam itself in the space provided. If you
need addition